A benchmark index for Indian equities markets on Wednesday managed to pare its losses and closed flat amid healthy buying in consumer durable scrips.
The 30-scrip sensitive index (Sensex) of the BSE, which opened lower at 16,872.3 points, closed at 16,872.85 points (provisional), down 9.82 points or 0.06% from its previous close at 16,882.67 points.
The Sensex had fallen over 241 points to an intra-day low of 16,641.65 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange also followed a similar trajectory to close on a lacklustre note at 5,063.45 points, down 5.05 points or 0.1%.
Broader markets also crawled up from the day's lows, with the BSE 500 index slipping 0.29% down. The BSE midcap index closed 0.52% lower while the BSE smallcap index fell 1.04%.